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August 30, 2011

Silicon Valley Bank Introduces International Online Payment Service

Silicon valley bank logo 140pxSilicon Valley Bank (SVB) has announced a new service that will allow its clients to accept 85 different online payment types from their customers globally.

"Our tech-focused clients are selling internationally, even at their earliest stages, so we make every effort to make it easy for them to operate globally," said Pradeep T. Moudgal, Head of Global Cards and Merchant Services, Silicon Valley Bank. "Our clients will find our new payments service is extremely convenient, giving them the ability to deposit funds of any major currency directly into their SVB multi-currency or in-country accounts."

SVB's card processing services are provided through Merchant e-Solutions and Adyen, its international card processing partner.

Payments Views - Friction, Fat Pigs, and Mobile Commerce

GP Logo Horizontal 140pxOver on our sister blog, Payments Views, Glenbrook's Russ Jones takes a look at purchase friction in mobile commerce and wonders if the industry's fascination with mobile coupling isn't missing the point.

In practice, sellers will use any number of tactics to group buyers with different price sensitivities into different categories. Many of these tactics are based on adding friction to the buying process in order to distinguish the price sensitive customer (who will endure the inconvenience to get the better price) from the non-price sensitive customer (who values convenience).

Fiserv Introduces Mobiliti for Mobile Banking, Alerting, Payments

Fiserv logo 60pxhFiserv has announced the 'Mobiliti' suite of products for mobile banking, mobile alerts, and mobile payments.

Mobiliti unites the functionality of Mobile Money from Fiserv and BankAnywhere from the recently acquired M-Com within a single product suite, and will replace both of those product brands. Mobiliti is available in multiple distinct versions tailored for use by financial institutions of varying sizes within both the United States and international markets.

Mobiliti supports all three major mobile access modes -- SMS, mobile browser, and downloadable app.

VeriFone Announces Direct Sales and Service Strategy in Continental Europe

Verifone logo 140pxVeriFone has announced a "new direct distribution relationship for retailers, acquirers and processors in Germany, Italy, France, Spain, Austria and Switzerland. These organizations will now be able to obtain products, services, support and value-added solutions directly from VeriFone."

Current Opportunities on PaymentsJobs.com

PaymentsJobs logo 140pxSeveral new positions for payments professionals have recently been posted to Glenbrook's payments industry job board in August:

Is your company hiring? Are you in the market for qualified payments professionals? You can reach the best candidates here! Post your job openings for payments professionals on PaymentsJobs.com!

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